BAKU, Azerbaijan, March 2. Oil prices have changed multidirectionally this week, Trend reports.
The average price of Azeri Light oil on a CIF basis, produced at the Azeri-Chirag-Guneshli field in Azerbaijan, decreased by $0.04 (0.05 percent) compared to last week and amounted to $87.38 per barrel. The maximum price during the period reached $89.68 per barrel, while the minimum price reached $86.01 per barrel.
This week, the average price of Azeri Light crude oil FOB at the Turkish port of Ceyhan averaged $86.17 per barrel, up $0.36 or 0.42 percent from last week. The maximum price was $88.52 per barrel and the minimum was $84.71 per barrel.
The average price for URALS crude oil increased by $0.07 (0.1 percent) from last week to $66.42 per barrel. The maximum price for URALS reached $68.75 per barrel and the minimum price reached $65 per barrel.
The average price of the benchmark Dated Brent crude oil grade fell by $0.59 (0.69 percent) to $84.63 per barrel. The maximum price for Dated Brent reached $87.5 per barrel, and the minimum - $83.21 per barrel.
| Oil grade/date | 26.02.2024 | 27.02.2024 | 28.02.2024 | 29.02.2024 | 01.03.2024 | Average price |
| Azeri LT CIF | $86,01 | $87,09 | $86,61 | $87,51 | $89,68 | $87,38 |
| Azeri Light FOB Ceyhan | $84,71 | $85,83 | $85,43 | $86,35 | $88,52 | $86,17 |
| Urals (EX NOVO) | $65,00 | $66,11 | $65,65 | $66,57 | $68,75 | $66,42 |
| Dated Brent | $83,21 | $84,14 | $83,69 | $84,60 | $87,50 |
$84,63 |
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